News Hong Kong Property & Finance

Is Hong Kong’s luxury property set for a historic rout?

ORIGINAL POST
Posted by Ed 5 yrs ago
Months of unrest, the Wuhan virus and now the uncertainty created by the new security law are hammering the luxury residential property market in Hong Kong:
 
 
- Landscope Realty indicates that properties in the HKD200-300k bracket have dropped below 150k and in some instances under 100k
 
 
-  a home on Headland Road in Repulse Bay was recently rented out at HKD190,000 per month, a drop of 36%
 
-  a house at Deep Water Bay leased for HKD200k per month, a drop of 29% 
 
 

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